Sikorsky Taps Lockheed Martin To Bolster S-92 Helicopter Support
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 25 2025
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Source: Benzinga
Lockheed Martin's Partnership with Bristow Group: Lockheed Martin's Sikorsky has entered a long-term agreement with Bristow Group to enhance support for its S-92 helicopter fleet, which is vital for offshore energy and search and rescue operations. The deal includes Sikorsky’s Total Assurance Program, providing predictable aftermarket support and access to essential resources.
Financial Performance and Stock Movement: Lockheed Martin reported a 4% year-over-year increase in net sales, reaching $18 billion, and beat earnings expectations with a GAAP EPS of $7.28. Following these announcements, LMT shares rose by 1.94%, reflecting positive investor sentiment.
Analyst Views on PPA
Wall Street analysts forecast PPA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PPA is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 177.460
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
